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#Business ID: 38723

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Night Club, Live Entertainment and Bar in Bedfordview For Sale

Business Location: Bedfordview, Johannesburg, Gauteng, South Africa

Asking Price: R 7,500,000 Revenue: R 1,550,000 Cash Flow: R 300,000

Business Summary

LIVE ENTERTAINMENT AND BAR- BEDFORDVIEW
SELLING PRICE: R7, 500,000.00
STOCK: R150,000.000
TURNOVER: R16, 500,000.00 PER ANNUM
NETT PROFIT: R280,000.00 PER MONTH



DESCRIPTION: This classy up-market outlet is located in the heart of a most sort after entertainment hub of Bedfordview. Being established for over 7 years this venue has earned an excellent reputation in the market place and is in a class of its own with none to match in Gauteng. Customers come to this unique outlet to relax and enjoy watching live Bands playing from both local and international Artists. With two floors covering close to a 1000m2 this evening Entertainment Centre provides music event with 2 different Artists on the same night. Specially fitted sound breakers to contain noise levels within the prescribed residential Standards. Whilst the core business is around music the main revenue is generated from beers, wine and whisky and shots as well as light pub-like meals. Attention to solid decor creates an ambiance of fun whilst simultaneously providing an element of privacy and safety. Designed in unique way to accommodate a variety of clientele communities, the venue can accommodate over 500 customers at any event. Whilst this outlet is owner run this business provides 32 well trained staff with department heads to managed a superb outlet. Trading hours are 3pm to late and are closed on Mondays.

Please contact us for further information.

Property Details

Size:

500m2

Years Established:

2103

Property Type:

Lease

FF&E:

R 8,300,000

Inventory Value:

R 150,000

Real Estate Value:

R 6,000,000

Other Business Details

Business Location:

Johannesburg

Premise Details:

Leased Premises

Competition:

None

Expansion Potential:

Yes into other Areas

Living Accommodation?

Yes
Full flat available

Planning Consent:

Yes

Business Operation Details

Employees:

32

Trading Hours:

3pm to 2am

Support & Training:

Yes

Miscellaneous Details

Reason For Selling:

Retirement

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